Sherbrooke Park Advisers LLC Sells 49,193 Shares of Olo Inc. (NYSE:OLO)

Sherbrooke Park Advisers LLC lowered its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,681 shares of the company's stock after selling 49,193 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in OLO were worth $197,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OLO. Driehaus Capital Management LLC bought a new position in shares of OLO during the 4th quarter worth about $9,691,000. Arrowstreet Capital Limited Partnership boosted its position in shares of OLO by 138.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,895,935 shares of the company's stock worth $14,561,000 after purchasing an additional 1,100,307 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of OLO by 48.5% during the 4th quarter. Nuveen Asset Management LLC now owns 2,321,232 shares of the company's stock worth $17,827,000 after purchasing an additional 757,617 shares in the last quarter. Norges Bank bought a new position in shares of OLO during the 4th quarter worth about $5,181,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of OLO by 44.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,032,634 shares of the company's stock worth $15,611,000 after purchasing an additional 622,106 shares in the last quarter. Institutional investors own 93.40% of the company's stock.

OLO Price Performance

OLO opened at $9.06 on Wednesday. Olo Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.78. The firm has a market capitalization of $1.50 billion, a PE ratio of -90.59 and a beta of 1.41. The company's 50-day moving average is $6.81 and its 200 day moving average is $7.02.

OLO (NYSE:OLO - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The company had revenue of $80.68 million for the quarter, compared to analyst estimates of $77.47 million. During the same quarter in the prior year, the business posted $0.05 EPS. The firm's revenue was up 21.3% compared to the same quarter last year. As a group, analysts expect that Olo Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

OLO has been the topic of a number of research analyst reports. StockNews.com cut shares of OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Lake Street Capital increased their price objective on shares of OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, May 9th.

OLO Company Profile

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.

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